Realtors Fight Tax on Property Transfers Stir City Budget Debate
City officials report a limited tax-raising path with two summer increases, oil production and business license fees, while most funds come from external sources. Realtors oppose the real estate transfer tax and urge compromise as Councilman Carroll calls for public support for a tax increase.
MENTIONED IN THIS ARTICLE
Realty Board
Donald Rodman
Wes Carroll
Rodman
John R. Mansell
Board of Realtors
Mansell
Seattle fog clears but planes scarce at Sea-Tac
A persistent fog at Seattle-Tacoma International Airport lifted but few planes were ready to use the clearing. Inbound flights had been diverted to Portland and Spokane, while thousands faced delays as Vancouver also reported fog.
MENTIONED IN THIS ARTICLE
Seattle
Seattle-Tacoma International
Portland
Ore
Spokane
Wash
Vancouver International
British Columbia
Foreclosure rate hits four year low amid unemployment pressures
The Mortgage Bankers Association reports a foreclosure rate of 4.2 per 1000 units for the three months ended September, the lowest since 1971. Unemployment at 8.3 percent labs the economy, yet buyers push to protect equity as lenders ease near-term pressure. AFL CIO leaders caution remaining risk from waning benefits and a slow recovery.
MENTIONED IN THIS ARTICLE
Washington
Mortgage Bankers Association America
Afl-Cio
George Meany
Henry B. Schnechter
John M. Wetmore
Inflation and equity cushion in rising home values
The piece notes ongoing inflation elevating home prices and equity. It cites a family that bought a $35,000 house five years ago with $5,000 down, now valued at $40,000, gaining over $10,000 in equity to protect.
MENTIONED IN THIS ARTICLE
Wetmore
Also Mentioned on This Page
Orion
Fantastic
Orig
Film Buys
Kodak
Trimlite
the Treasury
Remington
Lakewood
Carson St. & Paramount Blvd
Treasury
Pocket
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